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    NYIT
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Category > Accounting Posted 12 May 2017 My Price 15.00

ACC 403 Week 3 Discussion

"Audit Risks" Please respond to the following:

 

From the e-Activity, analyze whether or not investors who were misled by relying on financial statements could hold the audit firm liable for audit failure either by common or securities laws. Provide a rationale for your response.

 

According to an article in the CPA Journal, the accounting profession has long contended that an audit conducted in accordance with generally accepted auditing standards (GAAS) provides reasonable assurance that there are no material misstatements contained within financial statements. Suggest at least two (2) alternative methods that auditors can use to provide a more concrete level of assurance to investors. Provide support for your responses with examples of such methods in use.

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Math Expert
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Status NEW Posted 12 May 2017 07:05 PM My Price 15.00

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file 1494621545-ACC403 Week 3 Discussion .docx preview (696 words )
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